Is Yatirim Menkul Degerler As · BIST:ISMEN
Is Yatirim Menkul Degerler As — 9M15 Earnings Presentation
23 slides from Is Yatirim Menkul Degerler As's earnings presentation, Nov 4, 2015
Slide 1: Performance & Financial Results – 9M15
PERFORMANCE & FINANCIAL RESULTS – 9M15 November 4, 2015 Investor Relations
Slide 2: Agenda: About Us, Market Performance, Financial Results
1 Performance & Financial About Us Results – 9M15 Market Performance Financial Results Investor Relations
Slide 3: About Us
About Us 2 Shareholder Structure Business Lines • Brokerage & Trading • Investment Advisory • Asset Management International IS Bank & 67.5% Shareholders‘ • Corporate Finance IS Bank Free Float Share Group 29% Companies • Research 71% 32.5% Subsidiaries* IS Private Equity: (Share: 29.1%) (Ticker: IS
Slide 4: Market Performance
3 Performance & Financial About Us Results – 9M15 Market Performance Financial Results Investor Relations
Slide 5: Market Performance: Equities
Market Performance Equities 4 The market IS Investment 1,509 7.6% 1,600 120 7.1% 8.0% Billions Billions 1,400 1,239 100 1,200 6.0% 80 1,000 800 60 4.0% 107.8 600 94.5 40 400 2.0% 20 200 0 0 0.0% '14/9 '15/9 '14/9 '15/9 Trading Volume (TL bn) Trading Volume (TL bn) Market Share % bps 60 300 45 225 #1
Slide 6: Market Performance: Derivatives
Market Performance Derivatives 5 The market IS Investment 900 826 80 10.9% 8.8% Billions Billions 800 70 10% 700 629 28.6% 60 8% 600 50 500 23.3% 6% 40 400 68.7 73.0 30 4% 300 200 20 2% 100 10 0 0 0% '14/9 '15/9 '14/9 '15/9 Trading Volume (TL bn) Foreign Investors’ Share Trading Volume (TL bn) Marke
Slide 7: Market Performance: FX Margin Trading
Market Performance FX Margin Trading 6 The market IS Investment 800 Billions Billions 14,000 11.0% 12.0% 12,549 700 12,000 600 10.0% 10,000 500 8.0% 8,000 5.6% 400 703.7 6.0% 6,000 5,174 300 570.8 4.0% 4,000 200 2,000 2.0% 100 0 0 0.0% '14/9 '15/9 '14/9 '15/9 Trading Volume (TL bn) Trading Volume (T
Slide 8: Market Performance: Primary Market
Market Performance Primary market 7 Debt securities issuances IS Investment* 20.5% 25.0% 60 350 16 120 14 102 50 300 100 12 40 21.2 28.9 250 80 10 1.2 75 7.0 30 200 8 60 6 20 150 40 9.3 29.9 4 26.2 6.7 10 100 20 2 0 50 0 0 '14/9 '15/9 '14/9 '15/9 Public Offerings (TL bn) Private Placements (TL bn) P
Slide 9: Market Performance: M&A and Equity Margin Trading
Market Performance 8 M&A deals closed in 9M15 - IS Investment Equity margin trading - IS Investment 300 Our role as an 266 Millions 263 Target Firm Industry advisor 250 İsmar Marketleri Food Retail Sell-side 200 Zey-tur San Food Sell-side 150 Yeşil Küre Food Buy-side 100 Evciler Pharmaceutical Sell-
Slide 10: Market Performance: Asset under Management
Market Performance Asset under Management 9 The market IS Investment 90 Mutual Funds (TL bn) 25 Mutual Funds (TL bn) Market Shares 80 Pension Funds (TL bn) Pension Funds (TL bn) 70 20 Other Funds* (TL bn) 39.7 23.4% 60 9.3 15 50 31.8 7.9 40 10 30 18.4% 8.1 20 44.1 5 6.3 32.0 10 2.3 3.0 0 0 '14/9 '15
Slide 11: Financial Results
10 Performance & Financial About Us Results – 9M15 Market Performance Financial Results Investor Relations
Slide 12: Non-consolidated Results
Financial Results Non-consolidated Results 11 Non-consolidated Revenues 9M14 9M15 YoY (%) (TL 000) Commission Revenues* 73,721 94,229 28 Interest and Trading Income 72,476 62,237 (14) Total Operating Revenues 146,197 156,466 7 * Client based FX margin trading revenues are added to the commission rev
Slide 13: Consolidation Effect
Financial Results Consolidation Effect 12 Consolidated Net Profit = [IS Investment Non-consolidated Net Profit + Contributions from Subsidiaries] – Elimination Adjustments Net Profit (TL) 9M14 9M15 YoY (%) IS Investment Non-consolidated Net Profit IS Investment Only 36,553,089 41,045,980 12 Foreign
Slide 14: Consolidated Net Profit
Financial Results Consolidated Net Profit 13 TL Million 80 Q3 70 Q2 60 Q1 Full Year 50 8 21 40 17 14 31 69 71 7 68 64 22 63 ? 30 24 52 4 46 11 24 20 12 38 28 11 32 10 13 10 7 18 10 11 12 10 8 5 2 4 0 ‘07 ‘08 ‘09 ‘10 ‘11 ‘12 ‘13 ‘14 ‘15 The negative results of our foreign-based subsidiaries and the i
Slide 15: Consolidated Financials
Financial Results Consolidated Financials 14 IS Investment - Consolidated 9M14 9M15 YoY (%) (TL000) Total Assets 5,079,050 5,664,926 12 Shareholders' Equity 533,534 541,805 2 Net Profit 39,212 27,524 (30) TL Million ROAE 6,000 22.5% 5,665 24% 5,355 5,500 19.4% 4,935 5,000 17.9% 18.2% 20% 4,500 4,166
Slide 16: Breakdown of Operating Revenues
Financial Results Breakdown of Operating Revenues 15 Breakdown of Revenues 9M14 9M15 YoY (%) (TL 000) Interest and Trading Income 167,929 149,529 (11) Commission Revenues* 93,262 119,375 28 Total Operating Revenues 261,191 268,904 3 * Client based FX margin trading revenues are added to the commissi
Slide 17: Breakdown of Commissions
Financial Results Breakdown of Commissions 16 Commission Revenues 9M14 9M15 YoY (%) (TL 000) Brokerage* 63,565 76,668 21 Corporate Finance 8,747 13,036 49 Asset Management 19,366 27,896 44 Other Commissions 1,584 1,775 12 Total 93,262 119,375 28 * FX margin trading revenues are added to the brokerag
Slide 18: Breakdown of Operating Expenses
Financial Results Breakdown of Operating Expenses 17 Operating Expenses 9M14 9M15 YoY (%) (TL 000) Marketing, Sales and Distribution Expenses 48,849 55,539 14 General Administrative Expenses 143,540 164,050 14 Other Operating Expenses 2,382 2,827 19 Total 194,771 222,416 14 Operating Expenses – 9M14
Slide 19: Dividend
Financial Results Dividend 18 Cash Dividend Dividend Yield 78% 12% 50 80% 10.6% 45 72% 10% 40 64% 8.2% 35 56% 8% 30 48% 6.3% 36% 6% 25 33% 40% 4.8% 30% 30% 30% 30% 30% 47 20 32% 4.1% 4.0% 4.1% 15 24% 4% 3.1% 25 10 20 20 20 16% 3.3% 13 15 2% 5 9 8% 2.3% 2.2% 2.5% 2.0% 2.1% 1.8% 1.9% 0 0% 0% May-08 Ma
Slide 20: Investor Relations
Investor Relations 19 Ms. Çağlan Mursaloğlu Deputy CEO Phone : +90 0212 350 23 48 Fax : +90 0212 350 20 01 E-mail : cmursaloglu@isinvestment.com The Investor Relations Department is responsible for the Mr. Ozan Altan timely communication of necessary, accurate, complete, Manager, Head of IR comprehe
Slide 21: Disclaimer
Disclaimer 20 The information in this report is prepared by “IS YATIRIM MENKUL DEGERLER A.S.” (IS Investment) and it is not to be construed as an offer or solicitation for the purchase or sale of any financial instrument or the provision of an offer to provide investment services. Information, opini
Slide 22: IS Investment
IS Investment 21 İş Kuleleri Kule-2 Kat:12 Büyükdere Cad. Nurol Plaza No:257 Kat:16 HEAD 34330 4. Levent ISTANBUL, TURKEY MASLAK 34398 Maslak İSTANBUL, TURKEY OFFICE T: +90 212 350 20 00 BRANCH T: +90 212 367 85 00 F: +90 212 350 20 01 F: +90 212 367 85 01 Çınarlı Mah. Turhan Cemal Beriker Bulvarı K
Slide 23: Performance & Financial Results – 9M15
PERFORMANCE & FINANCIAL RESULTS – 9M15 November 4, 2015 Investor Relations
IS Yatirim Menkul Degerler A.S. (IS Investment) — 9M15 Earnings Presentation on 6ix